they used debt. bringing it to the present, energizing the production process, producing the wealth from which he hopes that he will be able to repay the debt. the moneylenders, later the bankers. cover for the fact that he had paid wages for capital goods. hoping there is something left for him, for profit. debt is all about intertemporal recycling. you take in value from the future and bring it to the present to create a lot more. by effectively taking his hand and pushing it into the future, grabbing value that had not been generated. -- that is debt. producing the wealth, from which they hoped they would pay the debt. moneylenders, bankers. if you overreach from the present into the future, you cannot create enough value to generate the wealth that you need. it breaks down prepared -- it breaks down. covering the fact that he had already paid wages, hoping that there would be something left for him. the fact that there is recycling -- you take a value for the future, bring it into the present, so